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Events on Sunday 13 September 2020 1
2020Nvidia announces $40 billion Arm acquisition — ultimately failsNvidia announces its intention to acquire Arm Holdings — the British chip designer whose architecture powers virtually every smartphone in the world — from SoftBank for $40 billion in September 2020. The deal faces opposition from regulators in the US, UK, EU and China. After 18 months of regulatory battle, Nvidia abandons the acquisition in February 2022, paying a $1.25 billion break fee. The failed deal costs Nvidia significant management bandwidth during a critical AI growth period.